Howmet Aerospace (NYSE:HWM – Get Free Report) issued its earnings results on Tuesday. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07, Briefing.com reports. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year.
Howmet Aerospace Price Performance
Shares of NYSE:HWM opened at $93.00 on Tuesday. The company’s fifty day moving average is $81.20 and its two-hundred day moving average is $71.18. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86. Howmet Aerospace has a 12-month low of $42.94 and a 12-month high of $93.00. The company has a market cap of $37.96 billion, a P/E ratio of 40.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46.
Howmet Aerospace Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio is currently 9.66%.
Analyst Ratings Changes
View Our Latest Research Report on Howmet Aerospace
Insider Activity
In other news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the transaction, the executive vice president now directly owns 217,687 shares in the company, valued at approximately $18,342,306.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.12% of the stock is currently owned by corporate insiders.
About Howmet Aerospace
Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
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